Property profile

4259 Broadway New York, NY 10033

OFF-MARKET
Specialty properties
Property ID
US63-3803434
35,910 SF 0.24 ac lot Built 1941
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional three-story executive office building, located at 4259 Broadway in New York City's Washington Heights neighborhood (zip code 10033), presents a compelling investment opportunity. The 41,390 square foot property sits on a 10,347 square foot lot and is zoned C4-4 (4.0 FAR), offering significant potential for redevelopment or renovation leveraging additional air rights. Currently featuring four units, the building boasts a strong net operating income (NOI) of $1,188,511 and is being offered for sale at $18,500,000. The anchor tenant's unique layout allows for expansive redevelopment, as the space is currently vacant. The building is professionally maintained and includes four separate retail tenants. Its prime corner location provides excellent visibility and accessibility, with convenient proximity to public transportation. The West 181st Street 1 subway station is two blocks east, another subway station is one block west, and the George Washington Bridge bus terminal is two blocks south. The property benefits from its proximity to numerous national tenants, including Verizon, Chipotle, Foot Locker, Target, T-Mobile, Chick-fil-A, CVS, and Starbucks. This presents a rare chance to acquire a substantial, well-located commercial property in a thriving area of Manhattan with considerable upside potential.

Property profile

Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1941
Total area 35,910 SF
Lot 0.24 ac (10,350 SF)
Zoning code C4-4
APN 02176-0133
UPID US63-3803434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

4259 Broadway New York, NY 10033-3731
New York metro Census 26500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$543k
Blend (final) Blend
$520k

Owner & transaction history

Zoning & alternative use

C4-4 · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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